PYMNTS

AUGUST 3, 2018

Getting bogged down in a maze or taking unnecessary risks — the current climate for FinTech in the United States often leaves players with only those two stark choices, according to Bruce Parker, founder and CEO of Modo , which describes itself as a “cloud-based utility” that enables payment system interoperability. FinTech Improvements.

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Fintech United States Regulation Innovation 115

PYMNTS

JANUARY 8, 2020

And one question worth posing is: What will happen to FinTech ? Specifically, what will happen to London’s standing as a FinTech hub? The city has long been known as a financial center (especially in Europe) and more recently as FinTech. But one clue as to how FinTech may fare is where the talent goes. and to the EU.

Fintech 145

Fintech San Francisco Course New York 145

Gonzobanker

FEBRUARY 8, 2022

While AOBA 2022 had its share of execs wanting to “fake it until they make it” with future innovation, credit is due to the bankers who are pouring real financial investment into new fintech experiments. COVID may have accelerated things, but talk of booster shots and workplace policies wasn’t the most striking contrast at AOBA 2022.

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Fintech Customer Experience Conference Technology 165

PYMNTS

SEPTEMBER 6, 2018

The age of technology is, of course, well upon us, with Software-as-a-Service (SaaS) a key conduit to making sure that at least some business operations — once the province of spreadsheets and reams of paper — can be streamlined. For FinTech firms, doing the chasing all on their own is a losing proposition. Plugging In To Plugins.

Compliance 133

Compliance Fintech Regulation Knowledge Base 133

CFPB Monitor

MAY 18, 2021

Access to Fed services is sought by fintechs and other non-traditional financial services companies because a Fed account, and direct access to Fed financial services, would dispense with the need for the non-bank to use a traditional bank as an intermediary with the Fed. payments, deposit-taking, and lending).

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Fintech Guidelines Policies System 78

PYMNTS

MARCH 29, 2019

For Ant Financial it would make sense to invest in the FinTech arm of Grab because it is expanding into Southeast Asia. It is also aiming to operate one of the largest merchant networks and become the largest insurtech policy provider within one platform. In 2018 Grab purchased Uber’s Southeast Asia business.

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Fintech Groups Google Policies 152

PYMNTS

MAY 17, 2018

Once less than friends with FinTechs, it looks like big banks are warming to the concept of collaboration with the relatively nimbler tech upstarts. digital operations head Edward Achtner said that the bank has been eyeing such efforts as partnerships. During the discussion, HSBC U.S. Terms of the deal were not disclosed.

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Fintech Community Bank Community United States 108

PYMNTS

FEBRUARY 22, 2018

Southeast Asia is now front and center on the world’s FinTech stage, and it’s no accident. Regulatory efforts to promote FinTech innovation, a bustling climate for blockchain and interest from other markets eyeing the region for expansion have all led to Southeast Asia’s impressive standing in this space.

Fintech 104

Fintech Regional Resources blockchain 104

The Paypers

OCTOBER 10, 2017

(The Paypers) The Central Bank of Iran has published a document on policies related to the operation of fintechs.

Policies 28

Policies Fintech Operations 28

PYMNTS

MARCH 12, 2019

and Europe is a natural progression from the surge in FinTech solutions offered to consumers, small businesses and enterprises. have plans to acquire a FinTech in the next 12 months as they pursue heightened digital transformation. For proponents of open banking , the regulatory initiative seen in the U.K. ”

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Data Fintech Strategy Regulation 184

PYMNTS

AUGUST 20, 2018

The survey stretched across 77 C-level executives, IT managers and others — and of that tally, 76 percent of firms are not currently in compliance with their own information governance policies. FinTech Firms Eye Bank Charters. Might a floodgate be opened — if only one were to open the floodgates?

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Fintech Survey Regulation Resources 101

PYMNTS

SEPTEMBER 29, 2017

Banks are finding it more difficult than ever to ignore potential FinTech partnerships that could better serve their corporate customers. When it comes to corporate treasury, business clients demand robust solutions and services from their banks, and FinTech players are stepping in to help.

Fintech 141

Fintech Risk Management Compliance Management 141

Perficient

MAY 5, 2022

While it was once expected and acceptable for lenders to enforce standardized payment due dates and policies, COVID-19 brought the impracticality and ineffectiveness of a “one-size-fits-all” approach to credit and lending to light. And for good. Developing sophisticated routes of communication (i.e.,

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Lending Strategy Marketing Big Data 354

PYMNTS

JANUARY 28, 2021

Though traditional financial institutions have faced a surge in market pressure to digitize as new FinTech competitors emerge, there are still plenty of areas in which banks hold the upper hand, commercial lending included. FinTechs, on the other hand, built on a digital-first foundation, found their footing amid the PPP deluge. "In

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Lending Fintech Operations Software 164

Payments Source

DECEMBER 20, 2018

The Office of the Comptroller of the Currency has gotten the ball rolling for financial technology firms trying to operate a national platform, but the FDIC and Federal Reserve should act to remove other policy roadblocks.

FDIC 62

FDIC Regulation Fintech Policies 62

PYMNTS

DECEMBER 29, 2020

The CBK’s latest policy document outlines proposals on tap that could change the way FinTechs and mobile payments firms operate. According to the draft report, Kenya’s National Treasury and Planning agency is finalizing a digital finance policy to ensure that financial services are digitally connected.

National 160

National Policies Mobile Payments 160

American Banker

APRIL 4, 2024

The decision to approve the fintech's application to make 7(a) loans came nearly a month after Funding Circle's U.K.-based operations, alarming some members of Congress. based CEO hinted it is considering a sale of its U.S.

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Fintech Operations Policies Lending 80

PYMNTS

JANUARY 26, 2017

In this week’s Tech Center tracker, we take a look at how Dubai is giving FinTech hubs around the world a run for their money. The city is able to attract investors due to its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies. FinTech Hive Generates Buzz.

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Fintech Regional Innovation Leadership 100

PYMNTS

JULY 31, 2019

As watchdogs ramp up oversight of financial institutions and FinTechs, late last year the China Banking and Insurance Regulatory Commission also announced plans to relax restrictions on foreign ownership of banks operating in the country. China’s banking regulation is in-flux.

Lending 134

Lending Policies National Guidelines 134

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. “About 4 percent of small businesses in India have access to sources of formal finance, despite favorable credit policies,” he said.

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Fintech blockchain Data Capital 120

Abrigo

JANUARY 24, 2024

Through FedNow, the fintech also facilitates instant microdeposits, the small-amount transactions used to validate accounts. A second fraud management and prevention consideration for credit unions is that FedNow will operate around the clock every day of the year. Who can send or receive. Review members using a risk-based approach.

Fraud 222

Fraud Payments Software Policies 222

PYMNTS

NOVEMBER 29, 2019

As a result, they are not able to distinguish the risks and approaches one should take in underwriting the eCommerce company on one hand versus the digital healthcare company or FinTech company on the other hand.”. As a result, Hodges noted, insurance policies can be mispriced or might be less than ideally tailored for these firms.

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Policies California United States Management 191

PYMNTS

DECEMBER 8, 2019

Firms like Google, Alibaba and Facebook could be forced to share data with banks and FinTech firms. Banks are required to share customer data with rival FinTech firms, and “this may need to be the case with Big Tech, too,” the FSB said in the report. However, there could be risks to financial stability.

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Regulation Data Google Fintech 131

PYMNTS

FEBRUARY 27, 2018

The digitization of business operations has made it easier than ever to gain access to data stored in these areas too. When a small business owner operates a franchise, with multiple payroll systems and multiple POS data flows coming in, ensuring good quality financial information is far from easy. In the U.S., In the U.S.,

Data 100

Data Fintech Analytics Analysis 100

PYMNTS

SEPTEMBER 18, 2020

Next Insurance , the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 The company offers policies to small businesses from general contractors to personal trainers. billion, sources told Bloomberg. and Redpoint Ventures.

Security 175

Security California Capital Policies 175

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs). This isn’t the OCC’s first attempt to create a special banking charter that would benefit tech firms.

Regulation 349

Regulation National System Industry 349

Abrigo

MAY 5, 2022

Podcasts for Bank & Credit Union Execs & Staff Are Plentiful; Here Are 10 Good Ones These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. And all release a new episode at least monthly. Would you like other articles like this in your inbox? Stay up to Date.

Community 195

Community Lending Maine Resources 195

PYMNTS

SEPTEMBER 18, 2020

Next Insurance , the online insurance provider for small businesses, is negotiating a deal to raise new capital in a round that would value the FinTech startup at $2.25 The company offers policies to small businesses from general contractors to personal trainers. billion, sources told Bloomberg. and Redpoint Ventures.

Report 148

Report California Capital Policies 148

PYMNTS

MARCH 13, 2020

Despite its demonetization policy, a thriving eCommerce climate, and continued growth in electronic and mobile payments, card penetration remains especially low in India, hovering at about 2 percent to 3 percent. As a result, the corporate cards that startups are able to obtain rarely operate as a credit instrument.

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Cards Fintech Innovation Policies 130

PYMNTS

MARCH 19, 2019

Grab Financial Group , the Southeast Asia FinTech company, announced Tuesday (March 19) the rollout of SME lending and micro-insurance for drivers in Singapore as part of its “Grow with Grab” roadmap. It is also aiming to operate one of the largest merchant networks and become the largest insurtech policy provider within one platform.

Lending 131

Lending Fintech Groups Policies 131

PYMNTS

FEBRUARY 24, 2020

Financial institutions (FIs) and merchants from other regions have been dipping their toes into the Chinese market, but open banking has compounded the difficulty involved in setting up operations. The country’s government and regulators are keeping pace with those in the European Union and the U.S. The law is still ambiguous.

Regulation 160

Regulation Policies Data Compliance 160

PYMNTS

DECEMBER 8, 2019

The majority of SME lending is via the big High Street banks and our experience shows they often use outdated ‘legacy’ systems, rigid lending policies, and faceless, centralized processing centers. This three-way relationship neatly highlights our FinTech-enabled model,” commented B-North Co-founder and CEO Jonathan Thompson in a statement.

Lending 131

Lending Regional Policies Operations 131

PYMNTS

OCTOBER 21, 2020

The pandemic has shifted priorities in regulatory policy tied to the financial services industry — and for Europe, it is heralding the emergence of a data-driven economy. Maniati noted the transformation had been in place well before COVID and has stretched back over five years, but has seen some urgency in recent months.

Data 317

Data Regulation National Examples 317

PYMNTS

FEBRUARY 28, 2020

As B2B FinTech firms continue working to break down silos, and ease the numerous friction points of the B2B payments process for both buyer and seller, the opportunities for data integration are vast. It’s one thing to enable two B2B FinTech platforms — like an accounts payable and accounting platform — to share data with each other.

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Taxes Data Fintech Compliance 209

PYMNTS

JANUARY 20, 2020

Anthony Richards, head of payments policy at RBA, said at a Parliament meeting that bitcoin “hasn’t become a mainstream payment option. Responses from the FinTech industry, as surveyed by EY, ranked digital sovereign currency as “least effective” among 14 policy options explored.

Retail 219

Retail Payments Bitcoin Policies 219

Insights on Business

NOVEMBER 8, 2018

I thought one panel participant explained eloquently where the financial services industry is in the digital transformation journey when he put it in terms of the incumbent bank’s relationship with fintechs. He observed: We’re in what was described as “Phase 3” with fintechs. He hits on an important insight.

Industry 143

Industry San Francisco New York City Fraud 143

PYMNTS

SEPTEMBER 29, 2017

PingPong Financial Group , a Chinese FinTech company, has received a Payment Institution (PI) license from the government of Luxembourg. was issued the license by Minister of Finance Pierre Gramegna of Luxembourg, making it the first Chinese FinTech company to establish European offices in the country. Japan and now Luxembourg.

Security 129

Security Payments Fintech United States 129